Archive for December, 2017

7 lessons learned from $5 million in open innovation prizes

Saturday, December 16th, 2017

 

File:10elqpi.jpg

Photo: Ladislav Mecir

7 lessons learned from $5 million in open innovation prizes

Principles of open innovation

Saturday, December 16th, 2017

Kongevelle 3.JPG

By Bob Collowân, CC BY-SA 2.5, https://commons.wikimedia.org/w/index.php?curid=6103707

 

What do mini-Big Bang Theory Lego, Mozilla, Facebook’s Pride Flag feature, P&G’s Connect+Develop, and Moodle have in common?

There are all examples of open innovation (OI) at its best.

Popularized by Henry Chesbrough,“Open Innovation” term refers to the broad concepts of leveraging external sources of technology and innovation to drive internal growth. It also entails the spin-off and outsourcing of unused intellectual property. (Michael Docherty, 2006)

http://blog.hackerearth.com/open-innovation-principles